๐ STRONG DATA HITS CRYPTO! ๐
๐ฅ THE NUMBERS:
US Durable Goods Orders jumped +0.8% ๐
Way BEAT EXPECTATIONS! The economy is running hot! ๐ฅ
โ ๏ธ THE IMPACT:
- Strong data = Fed might keep rates HIGH longer ๐๐ธ
- Dollar gets stronger, Risk assets get weaker ๐๐ฒ
- SHORT-TERM PRESSURE on Bitcoin & Altcoins! ๐ป
๐ MARKET REACTION:
Crypto feeling the heat as liquidity flows away!
Watch out for further downside before FOMC tonight! ๐โณ